HomeBusiness DigestACBF invests over US$26m towards capacity building

ACBF invests over US$26m towards capacity building

The African Capacity Building Foundation (ACBF) has to date invested US$26,4 million in Zimbabwe since its formation in 1991. Of that amount, US$15,1 million was spent on national programmes and projects.

Report By Staff Reporter

Speaking at the launch of the Zimbabwe Capacity Development Programme (ZCDP) early this week, ACBF said some of the projects that have been funded include Zimbabwe Economic Policy Analysis and Research Unit (Zeparu),the Capacity Building Project to Strengthen the National Statistical System in Zimbabwe (Zimstat-Project), National Economic Consultative Forum Project (NECF), Zimbabwe Women’s Resource Centre (ZWRCN) and the Capacity Development Programme for the Ministry of Regional Integration and International Co-operation.

ACBF has also invested US$11,3 million in regional programmes and projects headquarteed in Zimbabwe, which include Public Sector Management Training Programme (PSMTP-Africa University), Macro-economic and Financial Management Institute (MEFMI III), Women’s University in Africa Capacity Building Project (WUA), Project of Lectures and Workshops on Peace, Leadership and Development in Africa by Eminent Persons (Pearl-Africa University).

ACBF was established in February 1991. It is the outcome of collaboration between African governments and the international donor community.

Its mission is to build sustainable human and institutional capacity for sustainable growth and poverty reduction in Africa.

Finance ministry permanent secretary Willard Manungo noted the importance of the ZCDP in the re-building of Zimbabwe’s economy.

He said capacity development programmes are important because they help reinforce the use of national systems where the technical partner can focus on those areas where most value can be added to the development objectives of the country; assist in integrating ACBF’s capacity building support with that of other development partners and serves as catalyst for resource mobilisation.

The outcomes of the programme are premised on three key facts: the participation of all national stakeholders in the accountability of public resources and management of the MTP; the revatilisation of the two training institutes, Zipam and the Domboshawa Training Institute; and compliance of accounting standards within the public sector.

The design of the programme also takes into account the ongoing efforts by other development partners — DFID, UNDP, AfDB, World Bank, European Commission, The Netherlands and AusAid.

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